article thumbnail

Suzuki, Toshiba and Denso to form JV to produce automotive Li-ion battery packs in India

Green Car Congress

Suzuki Motor Corporation, Toshiba Corporation, and Denso Corporation have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement. million), with the planned participation ratio of Suzuki 50%, Toshiba 40% and Denso 10% respectively.

Suzuki 191
article thumbnail

Suzuki Motor will introduce six EVs in India by 2030

Electric Vehicles India

lakh crore by the end of the decade, targeting 50 percent carbon-neutral technologies Suzuki Motor Corporation has pledged to invest JPY 4.5 To capitalize on the growing electrification sector, Suzuki plans to have a portfolio of six models in the country by 2030. Suzuki expects India and Africa to be the fastest-growing regions.

Suzuki 52
article thumbnail

Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

India’s sales of new vehicles totaled at least 4.25 Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 million units.

India 218
article thumbnail

Antolin bets big on India, sets up lighting, HMI systems and electronics plant in Pune | Autocar Professional

Baua Electric

In keeping with this roadmap, the company has opened its first factory in India specialising in lighting, HMI systems and electronics. This project, which is already being produced at the plant, integrates sophisticated smart surface, multi-colour ambient lighting, capacitive switches and electronics.

India 40
article thumbnail

CNG industry sales jump 38% to 940,000 units in first 11 months of FY2024 | Autocar Professional

Baua Electric

As per retail sales data from Vahan, as of March 8, 2024, a total of 939,415 CNG-powered vehicles have been sold in the first 11 months of the current fiscal year. With this, CNG PV sales have raced past FY2023’s record sales of 327,820 units. What has helped accelerate sales is the rollout of new models and SUVs.

Sale 52
article thumbnail

India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

From the sizeable difference of 344,058 PVs in CY2022, Japan has reduced the gap with India sales to 115,929 units in CY2023. Expectedly, this trend should continue in the future as well,” said Shashank Srivastava, senior executive officer, Sales and Marketing at Maruti Suzuki India. in 2023 with volumes of 5.45 in 2020 to 6.1%

India 52
article thumbnail

Cars24 registers 42% used car sales growth in CY23, five-fold growth in EV inquiries | Autocar Professional

Baua Electric

Technology-led used-car buying and selling platform Cars24 has announced registering a 42 percent year-on-year (YoY) growth in the sales of used cars in CY23. According to its data, the ratio of new-to-used car sales in CY23 was pegged at 1:1.5, thereby indicating a 50 percent more sales in the used car segment.

Sale 52